FY2018 Earnings Forecast for MTS Systems Co. Issued By B. Riley (MTSC)

MTS Systems Co. (NASDAQ:MTSC) – B. Riley boosted their FY2018 EPS estimates for shares of MTS Systems in a report released on Wednesday. B. Riley analyst L. Burke now expects that the scientific and technical instruments company will post earnings of $2.35 per share for the year, up from their prior forecast of $2.27. B. Riley has a “Buy” rating and a $70.00 price objective on the stock.

MTS Systems (NASDAQ:MTSC) last announced its earnings results on Monday, February 5th. The scientific and technical instruments company reported $0.41 earnings per share (EPS) for the quarter, missing the Zacks’ consensus estimate of $0.42 by ($0.01). MTS Systems had a net margin of 7.22% and a return on equity of 9.33%. The business had revenue of $194.20 million during the quarter, compared to the consensus estimate of $196.23 million. MTS Systems’s revenue was down 2.6% compared to the same quarter last year.

Several other equities research analysts have also recently weighed in on MTSC. Zacks Investment Research cut shares of MTS Systems from a “hold” rating to a “sell” rating in a research report on Wednesday, October 25th. BidaskClub downgraded MTS Systems from a “hold” rating to a “sell” rating in a research note on Wednesday, January 3rd. One equities research analyst has rated the stock with a sell rating, one has assigned a hold rating and three have assigned a buy rating to the company’s stock. MTS Systems has an average rating of “Hold” and an average price target of $61.67.

MTS Systems (MTSC) traded down $0.65 on Friday, reaching $45.55. 20,644 shares of the company traded hands, compared to its average volume of 69,357. MTS Systems has a 1-year low of $44.65 and a 1-year high of $57.50. The company has a debt-to-equity ratio of 0.83, a current ratio of 1.71 and a quick ratio of 1.33. The company has a market capitalization of $849.88, a PE ratio of 22.98, a price-to-earnings-growth ratio of 2.05 and a beta of 1.12.

A number of hedge funds and other institutional investors have recently modified their holdings of the business. Suntrust Banks Inc. raised its stake in MTS Systems by 6.1% during the second quarter. Suntrust Banks Inc. now owns 8,473 shares of the scientific and technical instruments company’s stock worth $437,000 after acquiring an additional 486 shares in the last quarter. Thrivent Financial For Lutherans increased its stake in shares of MTS Systems by 7.6% in the second quarter. Thrivent Financial For Lutherans now owns 10,160 shares of the scientific and technical instruments company’s stock valued at $526,000 after buying an additional 720 shares during the period. Voya Investment Management LLC increased its stake in shares of MTS Systems by 10.1% in the second quarter. Voya Investment Management LLC now owns 7,939 shares of the scientific and technical instruments company’s stock valued at $411,000 after buying an additional 727 shares during the period. First Trust Advisors LP increased its stake in shares of MTS Systems by 8.8% in the fourth quarter. First Trust Advisors LP now owns 15,000 shares of the scientific and technical instruments company’s stock valued at $806,000 after buying an additional 1,212 shares during the period. Finally, Guyasuta Investment Advisors Inc. increased its stake in shares of MTS Systems by 6.7% in the third quarter. Guyasuta Investment Advisors Inc. now owns 22,135 shares of the scientific and technical instruments company’s stock valued at $1,183,000 after buying an additional 1,390 shares during the period. 97.85% of the stock is owned by hedge funds and other institutional investors.

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About MTS Systems

MTS Systems Corporation is a supplier of test systems and position sensors. The Company operates through two segments: Test and Sensors. The Test segment provides testing solutions, including hardware, software and services to ground vehicles, materials and structures markets. The Sensors segment provides position sensors for a range of industrial and mobile hydraulic applications.

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